Boulder Mining Corporation

Boulder Mining Corporation

March 29, 2006 08:30 ET

Boulder Mining Corporation: Cage Well to be Plugged

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2006) - John H. McAdam, President of Boulder Mining Corporation ("Boulder") (TSX VENTURE:BDR) reports that Boulder has been informed by Opal Energy Inc. ("Opal"), of Houston, Texas that the well drilled on the Cage NW Prospect in Brooks County, Texas has reached target depth of 8098 feet. The hole has been logged and a careful review of the logs does not indicate the presence of sufficient quantities of hydrocarbons to warrant completing the well. The well will be plugged. A detailed technical review of the target, complemented by the additional data collected from this hole, is underway.

Boulder is pleased at the technical performance of Opal in executing the drilling plan and looks forward to drilling the Roche Well to be located in Refugio County, Texas. The estimated spud date is the middle of April. This will be followed up by a third well which will likely be spudded in May. Boulder has the funds on hand to drill these wells.

On behalf of the Board of Directors

Boulder Mining Corporation

John H. McAdam, President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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